ICF: Explanation for business result in QII/2011

Investment Commerce Fisheries Corporation (HOSE: ICF) (INCOMFISH) explained the decrease in profit of QII/2011 compared with QII/2010:

Profit after tax decreased by VND1,149,350,087 (61.04%):

Although revenue increased 46% compared with the same period last year, selling expenses, General & administrative expenses decreased. But Cost of goods sold increased (20%) make material price increased 40% leading to input expenses increased. Interest loan bank high (19%/year) plus rate USD/VND decreased, so business result in QII/2011 decreased compared with QII/2010.

HOSE

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